Cullen Frost Bankers Inc. Trims Stock Holdings in Union Pacific Corporation $UNP

Cullen Frost Bankers Inc. lessened its stake in shares of Union Pacific Corporation (NYSE:UNP) by 34.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,811 shares of the railroad operator’s stock after selling 59,023 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Union Pacific were worth $27,138,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Howard Hughes Medical Institute purchased a new position in shares of Union Pacific during the 2nd quarter worth approximately $30,000. Total Investment Management Inc. acquired a new position in Union Pacific during the second quarter worth $31,000. Financial Gravity Companies Inc. acquired a new position in Union Pacific during the second quarter worth $31,000. Access Investment Management LLC purchased a new position in shares of Union Pacific during the second quarter worth $32,000. Finally, Sagard Holdings Management Inc. acquired a new stake in shares of Union Pacific in the second quarter valued at $33,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.7%

Shares of NYSE UNP opened at $229.67 on Friday. The business has a 50-day moving average of $231.23 and a two-hundred day moving average of $226.87. The company has a market capitalization of $136.23 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.65 and a beta of 0.99. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The business had revenue of $6.24 billion for the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.75 EPS. On average, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Friday, December 5th. Union Pacific’s payout ratio is currently 46.90%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $245.00 target price on Union Pacific in a report on Thursday, December 11th. Susquehanna restated a “buy” rating on shares of Union Pacific in a report on Monday, January 19th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a report on Thursday, December 18th. TD Cowen restated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. Finally, Citigroup set a $264.00 price objective on Union Pacific and gave the company a “buy” rating in a research note on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $258.18.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.